The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Rajeshbhai Desai
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Hemal Rajeshbhai Desai, part of the promoter group of Padmanabh Alloys & Polymers Ltd, bought 2,293 equity shares (0.042% of total share capital) through the open market on 17 March 2026. His stake in the company has risen from 1.348% (73,025 shares) to 1.391% (75,318 shares). No shares are encumbered (pledged) either before or after the transaction, and the total equity share capital of the company stands at 54,13,300 shares of face value Rs. 10 each. The disclosure has been filed with BSE under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers Regulations, 2011.
This is a small, incremental open-market purchase by a promoter, indicating mild insider confidence, but the size is negligible relative to total capital and is unlikely to materially move the stock price.